In brief Growth in USDT’s market cap has outpaced USDC’s since Drift Protocol was exploited for $285 million this month. If USDC holders begin off-ramping the stablecoin or move it to exchanges, Compass Point analysts foresee lower profits for both Circle and Coinbase. Nansen analyst Jake Kennis posited to Decrypt that Tether’s stablecoin likely offers…
Singapore fintech Nium has selected Coinbase to integrate USDC payments into its global network to send, receive and convert stablecoins to fiat across more than 190 countries through a single platform. According to a Tuesday announcement, the integration uses Coinbase’s infrastructure for custody, liquidity and wallet services, enabling Nium’s customers to fund cross-border payouts in…
New York’s attorney general has filed lawsuits against crypto exchange operators Coinbase Financial Markets and Gemini Titan for allegedly violating state gambling laws, according to court records cited by Reuters. Copies of the complaints show the state alleges both exchanges failed to obtain licenses from the New York State Gaming Commission to operate their markets,…
Bitcoin (BTC) mid-size wallet inflows to Binance fell to 3,000–4,000 BTC, marking a multi-year low in sell-side activity from this cohort. This coincides with Coinbase recording about 8,500 BTC in inflows from similar wallets on April 19, while other exchanges saw much smaller flows. Binance exchange Bitcoin inflows have also fallen to 2023 levels, but…
In brief AI engineer Kyle Hessling merged two of Jackrong’s Claude Opus 4.6 and GLM-5.1 distilled finetunes into a single “frankenmerge.” A post-merge “heal fine-tune” was required to fix garbled code output caused by the layer boundary between the two independently-trained models. The model over-reasons on some tasks, but it’s a solvable problem. You thought…
In brief Researchers say quantum computers could process some AI datasets more efficiently than classical machines. A proposed method feeds data into a quantum system in smaller batches instead of loading it all at once. Even relatively small quantum computers could show advantages for certain data-heavy tasks. Quantum computers may eventually help process some of…
The state of New York filed a pair of high-stakes lawsuits Tuesday against Coinbase and Gemini, arguing the crypto companies violated state gambling laws by offering prediction markets. The suits, filed Tuesday in a Manhattan state court, target not only sports-related wagers on Coinbase and Gemini, but also the firms’ prediction markets related to entertainment…
In brief MoonPay, the Dogecoin Foundation, and House of Doge collectively donated 1 million DOGE to the AKC Humane Fund. The funds support rescue operations, assistance for domestic violence victims with pets, and veterinary care for financially struggling families. MoonPay Commerce now processes Dogecoin donations to the charity, allowing ongoing crypto contributions. MoonPay, the Dogecoin…
Bitcoin (BTC) rebounded above $76,000 on Tuesday, after the spot market demand on Coinbase exchange saw a second week of bullish volume trends. Net spot buy volume has climbed sharply over the past 15 days, signaling sustained strength from bulls, but will BTC be able to turn the $75,000 level into a long-term support level?…
The nominee to lead the US Federal Reserve, Kevin Warsh, on Tuesday faced criticism and backlash from Democrats questioning his financial disclosures and potential conflicts of interest. Heading into today’s Senate Banking Committee confirmation hearings, it was clear that the independence of the Fed remains a key issue for many lawmakers concerned about the President…